200,000 New Jobs for Iowans
Our administration’s goal is 200,000 new jobs for Iowans over the next five years. First, we must provide a business environment which is competitive with other states. According to the 50-State Property Tax Study by the National Taxpayers Conference, commercial property valued at $500,000 in Des Moines pays more tax than similar property in New York City. A comparison of rural commercial property tax rates yields similar results. I want to work with local governments to reduce commercial property taxes to less than the Midwest average. This will attract new businesses and jobs to Iowa—jobs for your communities.
We also need to improve and enhance Iowa’s economic development efforts. My proposal is to establish the Iowa Partnership for Economic Progress, a private-public partnership similar to the successful effort in Des Moines and other cities. We need to tout our state’s strengths to the country and world. Through this partnership, we will market Iowa’s remarkable qualities and create new opportunities for job creation.
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Gov. Branstad today signed Senate File 295 into law, issuing the largest tax cut in Iowa history. Branstad held the signing ceremony at Hawkeye Ready-Mix Concrete in Hiawatha, where he recognized the support of many individuals involved in this historic reform. “Today, the largest tax cut in Iowa history will become law. I am proud to [...]
- June 13, 2013 10:30 am – Gov. Branstad and Lt. Gov. Reynolds attend Van Meter, Inc.’s Urbandale location grand opening
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Gov. Terry Branstad today announced he will sign Senate File 295 on Wednesday, June 12, 2013, at 1 p.m. at Hawkeye Ready-Mix, Inc. in Hiawatha. The historic bill provides property tax relief all classes of Iowa property: agricultural, residential, commercial and industrial. Once signed into law, Senate File 295 accomplishes the following: Historic reduction stimulating [...]
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Our Opportunity. Our Iowa. Our Results. Branstad hails landmark session achievements: Significant property tax relief, transformational education reform, meaningful health modernization that focuses on quality outcomes for low-income patients (DES MOINES) – Gov. Terry E. Branstad and Lt. Gov. Kim Reynolds today commended the Iowa Legislature for working with them to enact significant property tax [...]
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MidAmerican Energy Company is announcing its plans to add up to 1,050 megawatts of wind generation, consisting of up to 656 new wind turbines, in Iowa by year-end 2015. The wind expansion will enhance economic development and provide in excess of $360 million in additional property tax revenues over the next 30 years. Landowner payments [...]
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Gov. Terry E. Branstad and Lt. Gov. Kim Reynolds today joined Dwolla founder Ben Milne to announce a new partnership to provide Iowa taxpayers with an innovative electronic payment option. Dwolla is a cash-based payment network that provides real-time, low cost, online and mobile payments. Instead of charging a floating percentage and fixed fee per [...]
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$1.7 billion project now the single largest capital investment in Iowa history (SIOUX CITY) – The Iowa Economic Development Authority (IEDA) Board held a special, telephonic meeting to take action to award direct financial assistance and tax credits to CF Industries, Inc., for an expansion of its existing fertilizer manufacturing operation in Woodbury County. The [...]
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Branstad and Lt. Gov. Reynolds celebrated the single largest capital investment project in the history of the state and called on lawmakers to turn their focus to income tax reform during the next legislative session. They joined representatives of the Iowa Fertilizer Company to announce their final selection of a Lee County site for their [...]
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Community-Based Revolving Loan Fund to Support Affordable Housing and Supportive Services for Iowans with Disabilities (DES MOINES) – The Branstad/Reynolds Administration today announced a new program that will further the availability of affordable housing for Iowans with disabilities. The Community-Based Revolving Loan Fund program will provide affordable financing for the construction or rehabilitation of supportive [...]
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Gov. Terry Branstad and Lt. Gov. Kim Reynolds, today, issued statements commending Interstate Power and Light Company, a subsidiary of Alliant Energy Corporation for the announcement of their four-part energy resources strategy. The strategy includes reducing emissions, increasing efficiency, a new purchase power agreement, and construction of a new natural-gas facility in Marshalltown. Governor Branstad [...]